Joe Price

BofA Accused of Hiding Merrill Lynch Bad News Before Buyout

Top executives at Bank of America did not tell shareholders just prior to a 2008 vote on its purchase of Merrill Lynch that its losses were mounting, papers filed in shareholder litigation show. But the bank says it should not be liable to shareholders in the matter.

Legal Briefing: BofA's Ex-CEO Pours Scorn on NY AG's Charges

New York Attorney General Andrew Cuomo has sued Bank of America over its Merrill Lynch takeover, claiming it failed to disclose what bad shape Merrill was in before shareholders voted on the deal. Responses to the charges have been filed, with ex-CEO Ken Lewis' the most aggressive.

Cuomo Files Suit Against Former Bank of America CEO Ken Lewis

New York Attorney General Andrew Cuomo filed a lawsuit accusing Former Bank of America CEO Kenneth Lewis of misleading investors about Merrill Lynch's mounting losses before Bank of America acquired the firm in late 2008. The bank and its former chief financial officer, Joseph L. Price, were also charged.